Guideline Value for Vembuli Amman Koil Cross Street

Vembuli Amman Koil Cross Street guideline value

The current guideline value of Vembuli Amman Koil Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village, under the Alandur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Vembuli Amman Koil Cross Street has changed

The guideline value for Vembuli Amman Koil Cross Street has seen significant changes over the years. In 2002, the guideline value was Rs 144 per sq.ft, which increased to Rs 162 per sq.ft in 2003, marking a change of +13%. The value then surged dramatically to Rs 1,000 per sq.ft in 2007, representing a substantial increase of +517%. Following this, the value decreased to Rs 2,000 per sq.ft in 2012, showing a decline of -33%. The next revision in 2017 saw the value rise again to Rs 1,340 per sq.ft, an increase of +49%. The most recent revisions include Rs 2,000 per sq.ft in 2023, which then increased to Rs 2,200 per sq.ft in 2024, reflecting a change of +10%.

There are no figures available for revisions in years other than those mentioned above. Overall, from 2002 to 2024, the guideline value has increased by +1,428%.

Guideline values in Ullagaram

Ullagaram village has a total of 298 streets under the Alandur SRO, with guideline values for 2024 ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,800 per sq.ft, placing Vembuli Amman Koil Cross Street's 2024 figure below that median.

• Vempuli Amman Koil Street: Rs 2,800 per sq.ft (2024)
• Vellala Street Samy Nagar Extension: Rs 2,800 per sq.ft (2024)
• Venkatasamy Street: Rs 3,900 per sq.ft (2024)
• Venkatesa Nagar: Rs 3,900 per sq.ft (2024)
• Venkat Narayana Street: Rs 3,900 per sq.ft (2024)
• Vanuvam Pettai Main Road: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Vembuli Amman Koil Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vembuli Amman Koil Cross Street?

The Sub Registrar Office that covers Vembuli Amman Koil Cross Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ullagaram

The guideline value is a critical factor in the registration process when buying or selling property in Ullagaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and duty is charged on the higher of the two. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Vembuli Amman Koil Cross Street?

The current guideline value for Vembuli Amman Koil Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 144 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of +1,428%.

What is the land classification for Vembuli Amman Koil Cross Street?

Vembuli Amman Koil Cross Street is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Vembuli Amman Koil Cross Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in Ullagaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 22,00,000, the stamp duty at 7% would be Rs 1,54,000.